June 22, 2024

Population Health Management Solution Market High Growth Opportunities, Emerging Trends, Industry Review, Forecast Till 2030

Population health management solutions help in optimizing healthcare services and improving patient outcomes. These solutions aggregate patient data from disparate sources and provide actionable insights to manage the entire patient population. It helps in identifying high-risk individuals, closing care gaps, coordinating care across providers, and improving overall health outcomes. Some key advantages include improved clinical outcomes, better quality of care delivered, reduced readmissions and utilization of healthcare services among the patient population.

The global Population Health Management Solution Market is estimated to be valued at US$ 32.89 Bn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Get more insights on this topic: https://www.coherentmarketinsights.com/market-insight/population-health-management-solution-market-1732

With continuously rising healthcare costs burdening governments and individuals globally, population health management has become an utmost priority. It enables optimized management of resources, improved coordination of care, and delivery of value-based care. Population health management solutions aggregate clinical and non-clinical data from various sources, including EMR systems, claims data, gym memberships, and more. This consolidated data is analyzed using advanced analytics to gain meaningful insights about clinical, financial and operational aspects of healthcare delivery.

Market key trends:

The major trend in the population health management market is growing adoption of cloud-based solutions. Cloud deployment offers advantages such as scalability, flexibility, lower upfront costs and simplified data management. It allows aggregating and analyzing population health data from multiple locations in real-time. Various players are focusing on development of AI and advanced analytics driven cloud-based population health management platforms. For instance, Allscripts offers itsPopulation Health Solution suite on the AWS cloud platform. It leverages machine learning and predictive modeling capabilities of AWS to power its population health management offerings. Another key trend is integration of population health management solutions with value-based care programs. Solutions are helping providers transition to value-based payment models and manage financial and clinical accountability for patient outcomes.

Porter’s Analysis

Threat of new entrants: High upfront investments like R&D capabilities and acquisition costs deter new players from entering this market.
Bargaining power of buyers: Population health management solutions customers have high bargaining power due to availability of solutions from multiple vendors.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to differentiated portfolio of existing players.
Threat of new substitutes: Threat from substitutes is low as population health management solutions are uniquely positioned to address this market’s demand.
Competitive rivalry: The market is moderately competitive with major players focusing on service differentiation and innovation.

Key Takeaways

The global Population Health Management Solution Market is expected to witness high growth. The global Population Health Management Solution Market is estimated to be valued at US$ 32.89 Bn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030.
Regional analysis related content comprises The North America region currently dominates the market and is expected to continue its dominance during the forecast period. This is attributed to factors such as presence of major market players and high adoption of digital health solutions in the region.

Key players related content comprises Key players operating in the Population Health Management Solution Market are Allscripts, Cerner Corporation, IBM, Epic Systems, Healthagen, Optum, Conifer Health Solutions, Change Healthcare, McKesson, Zeomega.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it